Quadrant Group managing director Jeff Kay has stepped back from advising to focus on succession planning and refining the service proposition as he and director Andrew Pereira target clients with over £1 million of assets.
Jeff Kay, managing director of the Quadrant Group, has recently stepped back from advice to focus on managing the business. This move comes as a well-earned break after a prolonged period of transition. Since 2000 Kay has overhauled the firm’s investment approach, segmented the client bank and prised it away from transactional business to full-blown ongoing financial planning.
Quadrant, based in the Georgian House, a smartly refurbished listed building in Stanmore, Middlesex, now has £1 million of recurring income. By building on its process-driven model, Kay also aims to set a minimum investment of £1 million and accumulate more than £100 million under management, charging 1% a year for its full wealth management proposition.
The firm has taken several forms over the years. Kay and director Andrew Pereira, who joined in 1993, were not happy with the model they had in the early 2000s because it involved advisers building their own portfolios without a central advice process. They started looking for alternatives, but it was not until passive investment group Dimensional Fund Advisors became established in the UK market around the middle of the decade that they found what they were looking for.
For the full article read: ‘Adviser Profile: Jeff Kay and Andrew Pereira of Quadrant Group’ published on 18th March 2013 by Tim Cooper.Read The Article on CityWire